Entering December, 2024 is about to come to a close. Last week, Bitcoin and Ethereum pulled back from their highs, experiencing a drop of several thousand points, but there was no subsequent continuation of a breaking trend. In the article on November 28, we conducted an in-depth analysis of the market and pointed out that after stabilizing in the 9.5 mid-range, the bulls are expected to make another move. Now, looking at the overall trend of this month, Bitcoin's challenge to the hundred thousand mark is imminent.

From the weekly structure of Bitcoin, the market did adjust after last week's pullback, but it touched bottom and rebounded over the weekend, forming a clear long lower shadow. This indicates the strength and density of the support area at the bottom. Meanwhile, during Bitcoin's pullback, Ethereum achieved a V-shaped reversal and made up for the losses all the way. It is evident that the bullish upward trend has synchronized, so the focus next is whether the bulls can continue to exert strength this week.

For Bitcoin's intraday operations, I personally suggest: buy in the range of 97500-97800 with a target of 99000.

For Ethereum, intraday around the range of 3700-3680 with a target of 3800. #BSC生态活力释放 #市场回暖新机遇 #以太坊时刻到来？